If by "latency" you mean a hundred milliseconds or so, that's one thing, but I've seen Nagle delay packets by several seconds. Which is just goofy, and should never have been enabled by default, given the lack of an explicit flush function.
A smarter implementation would have been to call it TCP_MAX_DELAY_MS, and have it take an integer value with a well-documented (and reasonably low) default.
A smarter implementation would have been to call it TCP_MAX_DELAY_MS, and have it take an integer value with a well-documented (and reasonably low) default.